Buy gift cards with Bitcoin (BTC)
Buy credit cards with Bitcoin
Of course you can also use Bitcoin on Coinsbee, besides dozens of other crypto currencies. Here you have the possibility to buy countless different gift and credit cards with your Bitcoins. Whether credit for e-commerce platforms like Amazon, Netflix, iTunes or PlayStore or prepaid cards for one of over 30 mobile phone providers: you've come to the right place. You can also pay for virtual prepaid credit cards and online payment services such as VISA or Mastercard, which you can use to make purchases in practically any online shop, here in Bitcoin. Coinsbee is thus one of the easiest ways to spend your virtual Bitcoins in virtually any online store.
Use Lightning when buying a voucher
Of course, we also support the use of the pioneering Lightning Network, which is being used by more and more Bitcoin wallets and online trading platforms. This allows you to benefit from lightning-fast payments and direct delivery of your purchased voucher codes via email. When using the classic Bitcoin network and most other crypto currencies, we have to wait until the transaction has been confirmed in the block chain before sending the codes. You also save money by using the Lightning Network on Coinsbee: Lightning transactions cost only a fraction of what the network charges for traditional Bitcoin transactions on the block chain. In addition, by actively using your Lightning Channels, you ensure that your receiving capacity for Lightning payments is improved.
This is important if you buy prepaid cards with Bitcoin
cards from different countries
You can redeem the voucher codes and cards sold by us directly on the respective dealer pages from A like Amazon to Z like Zalando. But please note that we offer voucher cards from different countries. Not all vendors allow you to redeem your Bitcoin credits on the international sites. If you are not sure, please contact our support center. We are looking forward to you and your questions. Alternatively, you can of course also ask the providers directly how they handle voucher cards from other countries.
Superfair: real-time bitcoin price
Browsing through our wide range of prepaid cards you will notice that the Bitcoin price for the cards usually differs by a few cents from the nominal value of the voucher codes. This is due to the fact that the Bitcoin price is subject to constant fluctuations. To make your shopping experience as smooth as possible, we convert the price in real time. Since this often requires a detour via the US dollar, there are slight upward or downward deviations. So if you are lucky, you can even save a few cents when buying your voucher cards with Bitcoin.
Attend transfer time
It is important that to pay with Bitcoin you use a real Bitcoin wallet, such as Electrum, Jaxx or the official Bitcoin client and do not transfer your money from a Bitcoin trading platform. Payments from there often take a bit longer because the platforms bundle the transfers and send them in one go. However, we and our payment provider rely on processing your Bitcoin transactions as quickly as possible to minimize currency fluctuations. Therefore, we have to deny receipt of payment after a certain waiting period. After that it can sometimes be a bit complicated to retrieve the shipped Bitcoins. We hope that this problem will be defused with further expansion of the Lightning network. If you have problems with a Bitcoin payment that has been on the road for too long, please contact our support as soon as possible so that we can help you.
Bitcoin - the mother of all crypto currencies
As the first real crypto currency in the world, Bitcoin has taken on something like the function of the lead currency in the crypto world over the last ten years. No other currency has the market capitalization and trading volume of Bitcoin. Technically, Bitcoin has a fixed limit of 21 million coins, of which 18.3 million are already in circulation as of May 2020. Bitcoin mining works on a proof of work basis, which is comparatively energy-intensive and therefore expensive compared to other mining methods. The familiarity of Bitcoin has repeatedly led to speculation bubbles in the past. The largest one to date occurred in December 2017, when the price per coin temporarily rose to more than 20,000 US dollars. At that time, the trading volume also grew disproportionately and revealed a weakness of Bitcoin. By design, the system can only reasonably execute a limited number of transactions per second. As a result, transaction costs increased, making Bitcoin extremely unattractive for everyday use and especially for small transactions.
The lighting network makes Bitcoin faster and more efficient
In the meantime, technologies such as the Lightning-Network have created opportunities to transmit even smaller transactions at negligible costs. The Lightning-Network outsources these from the block chain, so that each individual transfer no longer needs to be confirmed by each miner. This makes the transactions faster and more cost-effective.
Anonymity of Bitcoin
The great popularity of Bitcoin also means that - unlike many other crypto currencies - it is relatively easy to obtain. Trading platforms, also from Germany, offer direct buying and selling. Sometimes it is possible to buy Bitcoins by credit card or PayPal, but then often with a risk surcharge on the price. However, Bitcoin is only conditionally suitable for semi-silk shops. Since the block chain is completely open and all transactions are transparently traceable, law enforcement agencies are often able to assign Bitcoin transactions to specific persons. Bitcoin addresses are therefore often described as pseudonymous and not anonymous. Anyone who wants to pay unrecognized on the Internet with greater security must therefore look for alternatives. In fact, the Lightning procedure described above can also help to make your payments less traceable.